Brief: Solution Dynamics Says Non-Binding Indicative Offer Received

Being AI

16/09/2024 02:06

Sept 16 (Reuters) - Solution Dynamics Ltd  SDL.NZ :
    * NON-BINDING INDICATIVE OFFER RECEIVED
    * ON 8 SEPTEMBER RECEIVED A NON-BINDING INDICATIVE OFFER
FROM A
SUBSIDIARY OF NZX-LISTED BEING AI
    * THE NBIO WAS, AND REMAINS, AN INCOMPLETE PROPOSAL AND CAN
ONLY
BE SEEN AS HIGHLY  CONDITIONAL.
    * BOARD DECLINED BAI’S  REQUEST FOR ACCESS TO CONFIDENTIAL
DUE
DILIGENCE INFORMATION
    * NBIO INVOLVING OPTIONS FOR SDL SHAREHOLDERS TO EITHER TAKE
A
COMBINATION OF CASH AND BAI SHARES OR ALL BAI SHARES
    * NO TAKEOVER OFFER HAS BEEN RECEIVED

Further company coverage:  SDL.NZ